Firstly, if prices crash people stop selling unless they absolutely have to. The supply of houses greatly diminishes which limits your choice. You might be able to afford a cheaper house, but it might not be where you want it.
Secondly, unless you're buying in cash you might find it hard to get a mortgage. Lenders tend to be reluctant to lend when the market is crashing.
Thirdly, (and this is me speculating), if the market crashes the investment companies who are buying houses will buy a lot more houses, very fast, in cash. You'll be competing with the ideal buyer.
I don't believe a housing market crash would be good for consumer buyers at all.
A lot of people talk as if a correction is inevitable but, for example, Canada hasn't had a housing correction since the early 1990s. How long are you willing to wait?
there's a reason the world economic forum calls it the "Great Reset" and why Justin Trudeau was one of their young global leaders, one of many that have penetrated governments.
I will tell you about housing price situation in Noida and NCR (of India). There are shitton number of newly built houses. They cost a fortune. There is literally no demand but the prices never ever drop. People thought that no demand would drive prices down but the construction mafias have a mutual agreement that no one would sell those houses at a discounted price. Same thing with diamonds and their artificially inflated prices. So I don't think there ever will be a big crash that you are hoping for.
Firstly, if prices crash people stop selling unless they absolutely have to. The supply of houses greatly diminishes which limits your choice. You might be able to afford a cheaper house, but it might not be where you want it.
Secondly, unless you're buying in cash you might find it hard to get a mortgage. Lenders tend to be reluctant to lend when the market is crashing.
Thirdly, (and this is me speculating), if the market crashes the investment companies who are buying houses will buy a lot more houses, very fast, in cash. You'll be competing with the ideal buyer.
I don't believe a housing market crash would be good for consumer buyers at all.